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Which of the Following Operations Is Meaningful for Processing Ordinal

question 45

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Which of the following operations is meaningful for processing ordinal data, but is meaningless for processing nominal data?


Definitions:

Terms

Conditions and stipulations under which agreements and contracts are made, outlining the obligations of involved parties.

Mark-up

Additional pricing on goods’ cost aimed to cover running expenses and secure profit.

Cost

The amount of money required to purchase something or the expense incurred to produce something.

Selling Price

The amount for which a good or service is sold to the customer.

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